Tata Motors (TTM) Shares Gap Down to $16.55

Tata Motors Limited (NYSE:TTM)’s share price gapped down before the market opened on Monday . The stock had previously closed at $15.80, but opened at $16.55. Tata Motors shares last traded at $16.36, with a volume of 60197 shares traded.

A number of equities analysts have recently commented on TTM shares. Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. ValuEngine downgraded shares of Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Finally, BNP Paribas downgraded shares of Tata Motors from a “hold” rating to a “reduce” rating in a report on Tuesday, June 26th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. Tata Motors presently has a consensus rating of “Hold” and an average price target of $37.00.

The stock has a market capitalization of $11.64 billion, a PE ratio of 7.02, a PEG ratio of 0.51 and a beta of 2.12. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.67.

Tata Motors (NYSE:TTM) last announced its earnings results on Wednesday, August 1st. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.85). The firm had revenue of $10.06 billion for the quarter, compared to analyst estimates of $10.69 billion. Tata Motors had a return on equity of 12.39% and a net margin of 1.32%. equities research analysts expect that Tata Motors Limited will post 2.62 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Tata Motors by 139.0% during the 2nd quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock worth $107,000 after purchasing an additional 3,180 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Tata Motors during the 2nd quarter worth about $235,000. PNC Financial Services Group Inc. increased its position in shares of Tata Motors by 77.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,792 shares of the company’s stock worth $328,000 after purchasing an additional 5,601 shares in the last quarter. Banco de Sabadell S.A acquired a new stake in shares of Tata Motors during the 1st quarter worth about $349,000. Finally, Morningstar Investment Services LLC increased its position in shares of Tata Motors by 51.6% during the 2nd quarter. Morningstar Investment Services LLC now owns 16,273 shares of the company’s stock worth $318,000 after purchasing an additional 5,537 shares in the last quarter. Institutional investors and hedge funds own 7.89% of the company’s stock.

About Tata Motors (NYSE:TTM)

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

Further Reading: Earnings Per Share (EPS)

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